Whole Life Insurance is a type of permanent life insurance policy that provides lifelong coverage and accumulates cash value over time. This type of insurance pays a death benefit to your beneficiaries and includes an investment component, which can grow over the life of the policy.
Whole Life Insurance provides a guaranteed death benefit, as well as a cash value component that grows over time. It can serve as a financial tool to cover final expenses, leave a legacy, or even help supplement your retirement income.
Our policies provide both protection and an opportunity to build savings for the future.
Guaranteed Death Benefit: Whole life insurance guarantees a death benefit to your beneficiaries, ensuring that your loved ones are financially protected in the event of your passing. The death benefit remains constant throughout the life of the policy.
Cash Value Accumulation: With whole life insurance, a portion of your premium goes towards building cash value. This cash value grows over time, tax-deferred, and can be accessed through policy loans or withdrawals for various purposes, such as supplementing retirement income or funding education expenses.
Dividends: Some whole life insurance policies may offer dividends, which are a share of the insurance company's profits. Dividends can be used to enhance your policy's cash value, increase the death benefit, or be taken as cash.
Flexible Premiums: Whole life insurance policies typically have fixed premiums, allowing you to budget for the coverage consistently. Some policies may also offer the flexibility to pay premiums for a limited period, making it more convenient for your financial situation.
Watch your savings grow! With whole life insurance, you're not just protecting your family; you're building cash value over time. Access your funds when you need them, whether it's for education, retirement, or unexpected expenses.
Don't wait to secure your family's financial future. Get a free quote from OnePoint Insurance Agency today and start building a legacy that lasts a lifetime.